Since March 1973, currency exchange rates have become less volatile an

QUESTION

Since March 1973, currency exchange rates have become less volatile and more predictable than they were between 1945 and 1973.

Indicate whether the statement is true or false.

ANSWER

FALSE
Since March 1973, currency exchange rates have become much more volatile and less predictable than they were between 1945 and 1973. This volatility has been partly due to a number of unexpected shocks to the world monetary system.